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S.Korea to extend $ 2.3 bn loan to Kuwait's LNG facility

The Export-Import Bank of Korea and Korea Trade Insurance Corporation will extend a $2.3 billion loan for financing the establishment of a facility for liquefied natural gas to be implemented by three Korean companies.

The loan will be halved between the Export-Import Bank of Korea and Korea Trade Insurance Corporation.

Three Korean companies won a tender of the Kuwait National Petroleum Company (KNPC) of the $ 3.6 billion project.

A source of the Export-Import Bank of Korea said about 130 small and medium sized Korean companies will take part in the project.   


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